![Bitcoin [BTC]](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/55895683/666f3fd1682aa2579cd906163ea9b0b957c77a086b53d42101dd564ea2d7dc43)
Overview
- Bitcoin spiked to $124,289 during Asian trading, coming within a few hundred dollars of its August peak at $124,429.
- U.S. spot bitcoin ETFs drew $3.24 billion in net inflows in the week ended Oct. 3, the second‑largest weekly haul on record, with BlackRock and Fidelity leading.
- Glassnode data show exchange balances near multi‑year lows, reinforcing a supply‑squeeze narrative as long‑term holders reduce selling.
- Derivatives leverage has climbed, with analysts warning that roughly $20 billion in concentrated longs could face liquidations if momentum fades.
- Banks have lifted targets and technicians flag key thresholds, with JPMorgan citing $165,000 for 2025, Citi $133,000 for year‑end, and traders watching support near $120,000 and resistance around $125,000.